Term loan are loans offered by banks and financial institutions to borrowers who will have to repay the amount in a specific repayment schedule with floating interest rates. Term loans are generally offered for businesses. Term loans are borrowed for the operations of small business units; it is not a personal loan. The loan amount… Read More »
Central bank is a bank of a country that has control over the regulation of currency supplies and the banking industry. The central bank of a country plays a very important role in the stability of the money supply and the currency of the country. The central bank has the responsibility of regulating the banking… Read More »
Savings Bank Accounts are meant to promote the habit of saving among the citizens while allowing them to use their funds when required. The main advantage of Savings Bank Account is its high liquidity and safety. On top of that Savings Bank Account earns moderate interest. Savings Bank Account can be opened in the name… Read More »
Home is one of the basic necessities for every human, but possessing a home of his own is a dream for many people particularly for the average families. Today it is possible for most of the people in the country to full fill their dreams through home loans. The reasonable interest rates have increased the… Read More »
Today there are a lot of technological advancements in our country. The technological development has reduced the burden of people, where it has replaced manual work by computers in every place. Computers have become very efficient in managing work. Each and every sector is dependent on the computers to get work done easily and efficiently.… Read More »
Marriage is one of the most important occasions in one’s life especially in countries like India where the celebrations keep going for nearly a week. Marriages involve a lot of expenses and it is in fact prestigious issue that makes it more expensive. Marriage loans have become one of the most popular personal loan available… Read More »
A recent report said that Indian bank has planned to grow in its total business by 24 per cent that is Rs. 2, 25,000 crore in the current fiscal. The growth is expected to include Rs 1, 00,000 crore of advances in 2011-12 and the total business which stood at Rs.1, 82, 000 crore. The… Read More »
It is very important for a borrower to understand the meaning of teaser loans before taking up a home loan. Teaser loans are home loan offered to attract new home loan borrowers. The loans offer low fixed interest rates for the first two years of the tenure and from the third year the interest rates… Read More »
“What are Home equity loans? Are they different from home loans?” I had always had this question in my mind when I glanced through the loan advertisements on the papers. I thought that it was the word equity that mattered but later as I started to delve into the facts I came to understand the… Read More »
The country we live in is rich in culture and heritage. ‘Every person has his own way of celebrating festivals according to his own culture and practices’, is what exists in writing. But the ultimate truth is that, the level of celebrations at any point of time is completely dependent on the weight of a… Read More »